Succinic Acid Market is anticipated to Reach $237.8 Million By 2022
“Healthcare sector growth on account of rising health awareness among consumers in emerging economies of Asia Pacific is expected to have a positive impact on the industry over the forecast period.�
The global succinic acid market is expected to reach USD 237.8 million by 2022, according to a new report by Grand View Research, Inc. Rising need in various application segments including 1,4 butanediol, pharmaceuticals, and polyurethanes is expected to result in considerable share for the product over the next seven years. Healthcare sector growth on account of rising health awareness among consumers in emerging economies of Asia Pacific is expected to have a positive impact on the industry over the forecast period. Access Full Research Report on Global Succinic Acid Market: http://www.grandviewresearch.com/industry-analysis/succinic-acid-market
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Fluctuation of raw material prices, fuel, and energy costs are expected to hamper overall cost of the product, which in turn is expected to challenge demand. In addition, major companies are focusing on the manufacturing of the product through bio-based routes. This is expected to restrain growth over the forecast period. Growing political and regulatory pressures on chemical companies to reduce carbon emissions coupled with growing concerns over depleting fossil fuel reserves have led to bio-based succinic acid development, which will act as a drop in replacement for the product, thus restricting growth. Further key findings from the study suggest:
1,4 BDO is expected to be the fastest growing segment in terms of volume and revenue. It is expected to grow at a CAGR of 12.0% from 2015 to 2022. Rising BDO consumption in the manufacturing of tetrahydrofuran (THF), which is used as a solvent in pharmaceutical sector, is expected to have a positive impact on the industry.
Resins, coatings, dyes, and inks were the largest application segment valued at USD 23.0 million in 2014. Aerospace and electronics sector development in Asia Pacific countries including India and China is expected to promote demand.
Asia Pacific is expected to be the fastest growing market at a CAGR of above 10.5% from 2015 to 2022. Lack of stringent regulations in the region is expected to be a key driving factor for the market. Cosmetic industry growth in China, India, and Japan is expected to further augment succinic acid demand over the forecast period.
Global industry is fragmented on account of presence of numerous companies; however, most of these companies have switched to the production of succinic acid through the bio-based route. They invest highly in R&D to introduce the biobased form that exhibits similar properties as that of the synthetic products. In October 2012, Reverdia and Helm AG signed an agreement to sell and distribute bio-succinic acid in Europe.
Grand View Research has segmented the global succinic acid market on the basis of application and region:
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Read Our Blogs on Reports from this category By Grand View Research: http://www.grandviewresearch.com/blogs/healthcare Table of Content of Global Succinic Acid Market Research Report: Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Succinic acid - Industry summary and key buying criteria, 2012 - 2022 Chapter 3. Succinic Acid Industry Outlook 3.1. Succinic acid market segmentation 3.2. Succinic acid market size and growth prospects, 2012 - 2022 3.3. Succinic acid market - Value chain analysis 3.3.1. Vendor landscape 3.4. Succinic acid market dynamics 3.4.1. Market driver analysis 3.4.1.1. Rising demand for 1,4-butanediol 3.4.1.2. Growing demand for PBS in the packaging industry 3.4.2. Market restraint analysis 3.4.2.1. Increasing demand for bio-based products 3.4.2.2. Regulatory and environmental issues 3.5. Key market opportunities – Succinic acid 3.6. Succinic acid - Porter’s analysis 3.7. Succinic acid - PESTEL analysis Chapter 4. Succinic Acid Application Outlook 4.1. Global succinic acid market share by application, 2014 & 2022 4.2. 1,4 butanediol
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4.2.1. Market estimates and forecast, 2012-2022 4.2.2. Market estimates and forecast, by region, 2012-2022 4.3. Resins, Coatings, Dyes & Inks 4.3.1. Market estimates and forecast, 2012-2022 4.3.2. Market estimates and forecast, by region, 2012-2022 4.4. Pharmaceuticals 4.4.1. Market estimates and forecast, 2012-2022 4.4.2. Market estimates and forecast, by region, 2012-2022 4.5. Polyurethanes 4.5.1. Market estimates and forecast, 2012-2022 4.5.2. Market estimates and forecast, by region, 2012-2022 4.6. Food 4.6.1. Market estimates and forecast, 2012-2022 4.6.2. Market estimates and forecast, by region, 2012-2022 4.7. Plasticizers 4.7.1. Market estimates and forecast, 2012-2022 4.7.2. Market estimates and forecast, by region, 2012-2022 4.8. Cosmetics 4.8.1. Market estimates and forecast, 2012-2022 4.8.2. Market estimates and forecast, by region, 2012-2022 4.9. Solvents & Lubricants 4.9.1. Market estimates and forecast, 2012-2022 4.9.2. Market estimates and forecast, by region, 2012-2022 4.10. De-icing Solutions 4.10.1. Market estimates and forecast, 2012-2022 4.10.2. Market estimates and forecast, by region, 2012-2022 4.11. Others
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4.11.1. Market estimates and forecast, 2012-2022 4.11.2. Market estimates and forecast, by region, 2012-2022 Chapter 5. Succinic Acid Regional Outlook 5.1. Global succinic acid market share by region, 2014 & 2022 5.2. North America 5.2.1. Market estimates and forecast, 2012-2022 5.2.2. Market estimates and forecast, by application, 2012-2022 5.3. Europe 5.3.1. Market estimates and forecast, 2012-2022 5.3.2. Market estimates and forecast, by application, 2012-2022 5.4. Asia Pacific 5.4.1. Market estimates and forecast, 2012-2022 5.4.2. Market estimates and forecast, by application, 2012-2022 5.5. RoW 5.5.1. Market estimates and forecast, 2012-2022 5.5.2. Market estimates and forecast, by application, 2012-2022 Companies analyzed in Chapter 6 6.1. Anqing Hexing Chemical Co. Ltd. 6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2. BASF SE 6.2.1 Company Overview 6.2.2 Financial Performance 6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives
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6.3. Reverdia 6.3.1 Company Overview 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4. BioAmber 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives 6.5. Gadiv Petrochemical Industries Ltd. 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives 6.6. Kawasaki Kasei Chemicals 6.6.1 Company Overview 6.6.2 Financial Performance 6.6.3 Product Benchmarking 6.6.4 Strategic Initiatives 6.7. Myriant Corporation 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.7.4 Strategic Initiatives 6.8. Showa Denko K.K. 6.8.1 Company Overview
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6.8.2 Financial Performance 6.8.3 Product Benchmarking 6.8.4 Strategic Initiatives 6.9. Succinity GmbH 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives 6.10. Nippon Shokubai Co., Ltd. 6.10.1 Company Overview 6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.10.4 Strategic Initiatives About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519
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Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com/
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